Milder winters fuel losses at DCC

DCC Energy is hoping to further expand its core energy business into the non-heating sector — specifically via marine and aviation fuel provision — to guard against the effects of milder winter weather.

The support services group, yesterday reported a near 30% fall in full-year pre-tax profit to €133m, for the 12 months to the end of March.

Group revenue was up by 23.2% to €10.7bn; while operating profit amounted to €185m; representing a 19.4% year-on-year decline (18.3% on a constant currency basis).